There Are Now More Than 90 Crypto ETFs Pending SEC Approval, Led by XRP and Solana

In short

The SEC is mulling 90 purposes for crypto ETFs, many targeted on XRP, Solana, and different prime altcoins.
Most of the funds are anticipated to be permitted this 12 months, in accordance with business specialists.
Some will seemingly be shuttered as a result of lackluster inflows, a crypto startup CEO informed Decrypt.

There’s a rising stack of purposes for exchange-traded funds that supply traders publicity to cryptocurrencies on the U.S. Securities and Alternate Fee’s desk, totaling 92 filings, in accordance with Bloomberg ETF Analyst James Seyffart.

“You’ll nearly definitely must squint and zoom to see,” he stated on X, whereas posting a screenshot of a spreadsheet that included varied issuers, property, and deadlines on Friday.

This 12 months, asset managers have jockeyed to supply ETFs within the U.S. for cryptocurrencies past those permitted for Bitcoin and Ethereum final 12 months. They vary from main altcoins like XRP and Solana—the preferred new targets, primarily based on the record—to comparatively obscure meme cash like Bonk and Donald Trump’s official token.

NEW: Here’s a record of all of the filings and/or purposes I am monitoring for Crypto ETPs right here within the US. There are 92 line objects on this spreadsheet. You’ll nearly definitely must squint and zoom to see however greatest I can do on right here pic.twitter.com/lDhRGEQBoW

— James Seyffart (@JSeyff) August 28, 2025

Though the SEC has delayed decisions on purposes for a number of merchandise this 12 months, the regulator faces a ultimate deadline on no less than a dozen purposes in October. Specialists together with Seyffart anticipate the SEC to approve a variety of purposes at the moment.

In June, Seyffart said it’s a query of “when not if” for cash like Solana, XRP, and Litecoin. He portrayed them as near-locks, with 95% odds of approval this 12 months.

ETFs for different cash, resembling Dogecoin, Cardano, Polkadot, Hedera, and Avalanche, even have a powerful change, Seyffart added, penciling in 90% approval odds for a similar interval.

Some crypto traders could also be hopeful that the approval of an ETF for his or her coin of selection will result in greater costs and broader adoption, probably amongst monetary establishments. Luca Prosperi, co-founder and CEO of stablecoin platform M0, is considerably skeptical. He informed Decrypt it’s seemingly that many crypto ETFs will shutter as a result of lackluster inflows.

“I don’t suppose lots of them might be long-lived,” he stated. “I believe there are only a few, if any, [digital] property which can be giant and mature sufficient to assist an ETF past Bitcoin, Ethereum, and Solana.”

Nonetheless, a bevy of ETF purposes speaks to the ways in which cryptocurrencies have gotten ingrained into conventional monetary infrastructure over time, he added.

“Now that this sector is maturing, Wall Avenue is clearly looking for methods to get frequent folks publicity,” he stated. “ETFs are nice conduits.”